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Mar 25, 2013
03/13
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at legalzoom.com we put the law on your side. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. inside the five minute mark here. let's review. >> yep. >> headline risk is what they call it. looked like we were off to the races first thing this morning. dow was in all-time high territory. s&p was this close. then the dutch finance minister came out and said, you know tha
at legalzoom.com we put the law on your side. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a...
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Mar 26, 2013
03/13
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and we have a serious worry in how much it will cost people to hire with the new employment obamacare laws. we don't have enough small business formation to offset the constant streamlining of every large business i know. ask yourself which companies are hiring aggressively. i can't think of any. so we don't get the bountiful gross domestic product numbers we might expect and we end up simply paying more for companies that can charge higher prices than we thought. at the same time, we pay less for companies to rely on foreign sales unless they're defensives as the drug companies which hit an 11-year -- highs can show you. it seems we will pay anything for the staples like coal gate and bryce total myers because they too build more with less. they build very little and the profits keep coming and coming and coming. and this catch-22 situation benefits so many different equities. as long as we don't build it, the fed will keep flooding the zone with money. at this saern point the factories will have to be built. at a certain point the companies that can use our new-found cheap energy, the ch
and we have a serious worry in how much it will cost people to hire with the new employment obamacare laws. we don't have enough small business formation to offset the constant streamlining of every large business i know. ask yourself which companies are hiring aggressively. i can't think of any. so we don't get the bountiful gross domestic product numbers we might expect and we end up simply paying more for companies that can charge higher prices than we thought. at the same time, we pay less...
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Mar 22, 2013
03/13
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soft mandate followed by a grand coalition with a narrow mandate, including to change the electoral law is the most likely venue. >> how pressing is the need to change electoral law so that if there are fresh elections held, there would be a clear outcome the next time? >> i think it's important. it's important because if they set up in a way in which they stable the larger parties, central right and central left, it will make the outcome of elections more likely to be stable for the next time around. and i think the incentives may be aligned in that respect to play against the pakistan movement. so we think that -- and also it's just needed a 51%. solo it's never easy, we think this time around incentives might be aligned for that change. >> okay. and still italy's market holding up reasonably well ahead of all of this. details on that hopefully out later on today. >>> ahead on the program, oecd's secretary calling for calm over cyprus. do you think the country will leave the eurozone? find outway told cnbc when we come back. impact wool exports from new zealand, textile production in
soft mandate followed by a grand coalition with a narrow mandate, including to change the electoral law is the most likely venue. >> how pressing is the need to change electoral law so that if there are fresh elections held, there would be a clear outcome the next time? >> i think it's important. it's important because if they set up in a way in which they stable the larger parties, central right and central left, it will make the outcome of elections more likely to be stable for...
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Mar 22, 2013
03/13
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that helps to fund president obama's 2012 health care law. the senate voted on the tax but the resolution is not binding and it will not change the levy. so they get to say we voted to repeal it even though it doesn't actually repeal it. >> you said dumping duties? >> i said anti-dumping duties, actually. >> dumping duties. let's check on duties. >> d-u-t-i-e-s. >> okay. let's check on markets. i saw them early, even though -- >> duties? >> duties. kyle, you're still doing that, right? >> duties? yes. he doesn't call it that. >> oh, yeah, lots of them. you want a healthy -- you know? it's a growing boy. he's a big, strapping kid. >> he's got it. >> futures indicated higher even though europe is lower, up 13 points or so. not a great day yesterday. we lost about 90 on points. there's what's happening in crude this morning, up 21 cents a share -- or 21 cents a barrel. treasuries, 1 is.9%. i would have been watching grass dry for the last year or two and there's the dollar. 12.29 on europe. and then, you know, you would figure gold might be a li
that helps to fund president obama's 2012 health care law. the senate voted on the tax but the resolution is not binding and it will not change the levy. so they get to say we voted to repeal it even though it doesn't actually repeal it. >> you said dumping duties? >> i said anti-dumping duties, actually. >> dumping duties. let's check on duties. >> d-u-t-i-e-s. >> okay. let's check on markets. i saw them early, even though -- >> duties? >> duties....
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Mar 25, 2013
03/13
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russian people and middle class people that use cyprus because of the rule of law, common law, the double tax treaties we have. it's a mistake to think that it is a very special class, of very rich people. these russians have their lawyers, their accountants, many of them have their families living in cyprus. they have their friends. we have a relationship that can with stand a shock like this. >> bearing that in mind, are the banks going to open on tuesday morning? >> i cannot say that. i cannot say that. it's always a mistake to say something like this when you are not completely sure. there is a lot of work to be done. but they will open very soon. >> and how long do you intend to use the capital controls? >> that also i cannot answer. but, again, our objective to keep them as limited and as short as possible. >> and finally, you bypassed the democratic process of a parliamentary vote with this field. will you consider tendering your resignation when you get back to cyprus? >> no, no, we did not bypass the poll. we passed a number of laws two nights ago. we have kept party leaders ip f
russian people and middle class people that use cyprus because of the rule of law, common law, the double tax treaties we have. it's a mistake to think that it is a very special class, of very rich people. these russians have their lawyers, their accountants, many of them have their families living in cyprus. they have their friends. we have a relationship that can with stand a shock like this. >> bearing that in mind, are the banks going to open on tuesday morning? >> i cannot say...
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Mar 20, 2013
03/13
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LINKTV
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and there you see newton's law flawlessly executed. that distinction between-- that distinction between weight and mass, i can kind of show you that kind of neatly with this device. what i'm gonna do is take this heavy ball-- heavy ball or massive ball? - both. - yes. both, yeah. see, i'm gonna take this ball. it's got a lot of mass, also has a lot of weight, okay? and what i'm gonna do, i'm gonna take one of these strings in the bottom. you see i'll try different trials here. and i'm gonna pull, pull, pull. i'm gonna pull, pull, pull, pull, pull, pull, until one of these strings, either the bottom one or the top one, is gonna break. and what i want you to do is i want you to guess, hypothesize, which string, the top or the bottom will break with a gradual, gradual tension increased at the bottom? check your neighbor. okay, when i pull that very, very slowly, gang, which string gonna break, top or bottom? - top. - top. top one? how many say the top? let's try it. [laughter] maybe newton's having a bad day. [laughter] you know what that
and there you see newton's law flawlessly executed. that distinction between-- that distinction between weight and mass, i can kind of show you that kind of neatly with this device. what i'm gonna do is take this heavy ball-- heavy ball or massive ball? - both. - yes. both, yeah. see, i'm gonna take this ball. it's got a lot of mass, also has a lot of weight, okay? and what i'm gonna do, i'm gonna take one of these strings in the bottom. you see i'll try different trials here. and i'm gonna...
SFGTV: San Francisco Government Television
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Mar 23, 2013
03/13
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SFGTV
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you is to the item is to make sure that the new space comports with the existing health and safety laws, it will allow the permit holder and entertainment and this venue physically focuses on adult contemporary music, it is a use building in addition to live at the razz it houses a fitness center, movie theater and residential apartments and the razz room and i direct your attention to letters from the neighborhood association as well as the home owner's association. the communications to sum them up express concerns about the residents who are disturbed by the volume of the live entertainment. since the move to 1000 van ness. other residents have also communitied directly to our office. they are concerned about the leakage and having informed us to compel the applicant to address these issues before granting the permit. the sound inspector has visited the venue and the residents above and is available for questions, sfpd notifications and conditions be attached to the permit and the officer from the northern is also available if you like to speak to him. >> okay. it would be nice, to s
you is to the item is to make sure that the new space comports with the existing health and safety laws, it will allow the permit holder and entertainment and this venue physically focuses on adult contemporary music, it is a use building in addition to live at the razz it houses a fitness center, movie theater and residential apartments and the razz room and i direct your attention to letters from the neighborhood association as well as the home owner's association. the communications to sum...
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Mar 21, 2013
03/13
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and if the europeans have laid down -- if the eu has laid down these strict laws, guidelines and said we're not giving beyond that, it's a problem if they cross the imaginary line at that point, anyway. >> and it's fascinating. it really is about russian oligarchs that were parking money in places that they knew -- because the real story is much more interesting. >> you can understand why the germans are like, forget it, we're not bailing them out. >> exactly. and they're fed up in general. it's like seinfeld. they don't forget the -- >> they have a different sense of humor, very different. >> i'm german, too. >> i know. so you're allowed to -- >> i'm allowed to say that. >> let's take a look at the global markets report. kelly evans is standing by in london. kel le, tell us more about any potential ripple effects if there are any. >> becky, here is what is so interesting. if you were to take a glance behind me, having heard the reports from michelle or news out of cyprus or lack thereof this morning, you might think this is contechnologion from that event. not necessarily. what's int
and if the europeans have laid down -- if the eu has laid down these strict laws, guidelines and said we're not giving beyond that, it's a problem if they cross the imaginary line at that point, anyway. >> and it's fascinating. it really is about russian oligarchs that were parking money in places that they knew -- because the real story is much more interesting. >> you can understand why the germans are like, forget it, we're not bailing them out. >> exactly. and they're fed...
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Mar 19, 2013
03/13
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with an ultra, ultra considered views, i wouldn't have made a time and probably would be practicing law at a small midtown firm. because i was mostly long or owned stock during the period of the greatest advance i can tell you. in confidence, guess what, it's -- it's off the record. off the record. we're off the record, right? i did pretty well. nonetheless, somehow i believe that -- had there been a twitters oty 30 years ago, i bet i would have been roundly criticized every step of the way for not knowing the true negatives for whistling past the graveyard, for not doing my homework, for being oblivious to the really horrifying concerns out there. 30 years later, the exact same conversation takes place onli online @jimcramer on twitter, join it, every day. even though i'm no longer bullish, i've been accused of being ignorant of every positive out there. same thing happens in my back and forth every day with very smart people who are forever trying to con -- i mean, get me to become more negative. now, in case some of you think i'm impermeable, please remember in 2008 when i told peopl
with an ultra, ultra considered views, i wouldn't have made a time and probably would be practicing law at a small midtown firm. because i was mostly long or owned stock during the period of the greatest advance i can tell you. in confidence, guess what, it's -- it's off the record. off the record. we're off the record, right? i did pretty well. nonetheless, somehow i believe that -- had there been a twitters oty 30 years ago, i bet i would have been roundly criticized every step of the way for...
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Mar 25, 2013
03/13
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went to see various agencies of government and law-enforcement agencies. >> about you? >> that's what i am told -- that that's exactly what they did. >> a spokesman for perkins confirmed that, indeed, he did go to the s.e.c., the f.t.c., the justice department, and the california attorney general to complain about the tactics used in the leak investigation. >> if you have enough money and you're willing to spend enough, you can buy and sell somebody's reputation. >> and you're charging that's what he's done? >> that's is what he did. >> you're saying, if i understand you, that tom perkins set out to get you? >> he wanted me off the board. this was to get me off the board. i don't know if he ever thought through the consequences that would go beyond my getting off the board. >> well, you said he went to law enforcement. >> well -- >> that takes it another step. >> it does take it another step, and here i am today with an indictment over my head. >> are you saying he's responsible for that? >> well, i don't think i'd be sitting here today if tom had handled this different
went to see various agencies of government and law-enforcement agencies. >> about you? >> that's what i am told -- that that's exactly what they did. >> a spokesman for perkins confirmed that, indeed, he did go to the s.e.c., the f.t.c., the justice department, and the california attorney general to complain about the tactics used in the leak investigation. >> if you have enough money and you're willing to spend enough, you can buy and sell somebody's reputation....
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Mar 26, 2013
03/13
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KQED
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and federal law requires schools to collect and sometimes sue. unlike most forms of debt, you can't get out of a student loan, not even by declaring bankruptcy. but with delinquencies rising, they're getting more aggressive about collecting, including taking their alumni to court. we found cases filed by yale and the university of pennsylvania. a 35% jump from the year before. the university has declined to comment. graph hopes his case starts a dialogue. >> reporter: let's start to talk about why is college so expensive. what are we getting for our money when we put our money into these institutions? >> reporter: it's a conversation universitys are willing to have, but they also want their money. >> such a tough situation. first of all, a lot of these graduates, they have all this debt, and they don't have a job and even if they find a job, it's going to take a long time to pay or $60,000, $100,000 or more. >> this is why universitys are going online to reduce that. tomorrow, in part two of our series, sharon efferson is going to report on the d
and federal law requires schools to collect and sometimes sue. unlike most forms of debt, you can't get out of a student loan, not even by declaring bankruptcy. but with delinquencies rising, they're getting more aggressive about collecting, including taking their alumni to court. we found cases filed by yale and the university of pennsylvania. a 35% jump from the year before. the university has declined to comment. graph hopes his case starts a dialogue. >> reporter: let's start to talk...
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Mar 21, 2013
03/13
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remember, thss -- one of the things we've learned about this market, it is not a court of law where we like have a prosecutor and defense attorney and they duke it out and then we put. stock in prison. there's like -- we have furloughs -- >> i'm the judge. i can do that. >> i've been calling you the prosecutor lately. but look, there's no grand jury here. thernono grand jury. there are no indictments. there are no convictions. and that's the way this market works. >> i may have a bench trial on this later where i just -- >> i'm going to get a permanent injunction against the sellers. people want to have justice. but fedex should be at $70 if there's justice. caterpillar should be at $70 if there's justice. no, it's not like that. like the bears, cyprus, they have atm problems. jpmorgan should be at $40 because there's justice. there is no justice! >> marry this with this story that's been reported that private ecwift firquity firms ag at mark hurd. does he bring the same hurd premium to a dell that he had brought to oracle or wherever else he went? >> there is such a thing as loyalty.
remember, thss -- one of the things we've learned about this market, it is not a court of law where we like have a prosecutor and defense attorney and they duke it out and then we put. stock in prison. there's like -- we have furloughs -- >> i'm the judge. i can do that. >> i've been calling you the prosecutor lately. but look, there's no grand jury here. thernono grand jury. there are no indictments. there are no convictions. and that's the way this market works. >> i may...
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Mar 21, 2013
03/13
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they need that law passed so they can begin the process. that would be one of the conditions it would have to meet in order to get the bailout from the imf, the european union, and the ecb to prevent the financial collapse of the country on tuesday, when they try to reopen the banks. >> in terms of that one bank, what would be the ripple effects of closing down that one bank? >> reporter: well, it would save them a lot of money, because they don't have to recapitalize it, right? that's why the european union would laike it, because it woul reduce the bailout cost needs. at the same time, you can assume that a lot of employees are going to lose their jobs. there are about 2,000 people who work there. so it's going to hurt the people who work there, for sure. it's what we have seen throughout the european crisis, as you try to implement measures that reduce costs. at the same time, it can lead to hits on the economy. >> right, of course. michelle, thanks very much. we'll check in again later as this continues to develop. michelle caruso-cabre
they need that law passed so they can begin the process. that would be one of the conditions it would have to meet in order to get the bailout from the imf, the european union, and the ecb to prevent the financial collapse of the country on tuesday, when they try to reopen the banks. >> in terms of that one bank, what would be the ripple effects of closing down that one bank? >> reporter: well, it would save them a lot of money, because they don't have to recapitalize it, right?...
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Mar 25, 2013
03/13
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oh, these are very smart people involved in this, and glen hutchins, a buddy of mine from law school is by no means a guy that fell off the turnip truck. he is the most shrewd evaluator of tech companies and then, listen, this is worth a lot more. maybe icahn doesn't like michael dell and that school yard crying game. >> strawberry on a sunday? >> i tell you that. from's there's so much money. the fact is we don't want to talk about the $100 billion vodafone deal. what the heck is happening that a year ago all we cared about was whether -- whether italy was going to go over 7%. now we're thinking this dell deal and three buyers, maybe they paid 15 because they're getting a very solid pc company. personal computer? what do i use? i have hewlett-packard to get in the mix. i'm on a dell. maybe that's the thing. we're keeping them a float. >> i know there is a rival station that has another name in front of it. i wonder if you peel it off if it's dell and it's a sub move by dell. >> i never watched that station. >> you get caught. >> let's say you're a dell shareholder still. you sell no
oh, these are very smart people involved in this, and glen hutchins, a buddy of mine from law school is by no means a guy that fell off the turnip truck. he is the most shrewd evaluator of tech companies and then, listen, this is worth a lot more. maybe icahn doesn't like michael dell and that school yard crying game. >> strawberry on a sunday? >> i tell you that. from's there's so much money. the fact is we don't want to talk about the $100 billion vodafone deal. what the heck is...
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Mar 21, 2013
03/13
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they'd love to have the federal government pass a law that gave them money and they'd go, oh, look, i don't have any fingerprints on this tax increase. if they wanted to steal this money themselves from their own citizens, they could do that yesterday. this is all a big goldberg contraption to get money out of other people's pockets, businesses, that can't vote against you and you say i didn't do this, it just happened. but they claim it's a $23 billion tax increase on the american people. we ought not to be taxing internet sales. we we all the to say if you do business in a state, you should be taxed. if you don't live there, you shouldn't be taxed. >> you're primarily large companies? >> 80% smaller companies, 2,000 technology companies. >> then you need to go back because small business hates this. small business is now going to have to pay taxes when they go overs transom from state to state. they're going to have to set up whole departments which they cannot afford in order to do the record keeping. >> that's not true. >> redstate.com, eric eriksson has done some great research o
they'd love to have the federal government pass a law that gave them money and they'd go, oh, look, i don't have any fingerprints on this tax increase. if they wanted to steal this money themselves from their own citizens, they could do that yesterday. this is all a big goldberg contraption to get money out of other people's pockets, businesses, that can't vote against you and you say i didn't do this, it just happened. but they claim it's a $23 billion tax increase on the american people. we...
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Mar 22, 2013
03/13
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on the books requiring online retailers to collect state sales tax, but those laws are often ignored and you have a bill that has some bipartisan support that would require all states to collect those taxes. if split, the big box brick and mortar retailers from online sellers and it's also split some of the online community. amazon is supporting this, but ebay is against it. they're looking for a carveout for their business model. so what we're going to see is does this effort to collect these taxes have more than 60 votes? if it does, that's going give momentum to this cause later on in the congress, maybe give a push to the effort in the house although it's going to run into the difficult anti-tax sentiment in the house among republicans. so not by a long shot is this thing close to passage, but at least we'll find out whether it has a chance of passage later on in this congress, simon. >> we'll come back to you later in the program, thank you, john. john harwood live from washington. our local partners in italy are reporting now that because this may develop over the weekend that
on the books requiring online retailers to collect state sales tax, but those laws are often ignored and you have a bill that has some bipartisan support that would require all states to collect those taxes. if split, the big box brick and mortar retailers from online sellers and it's also split some of the online community. amazon is supporting this, but ebay is against it. they're looking for a carveout for their business model. so what we're going to see is does this effort to collect these...
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Mar 20, 2013
03/13
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and i would say, in terms of the health care law, that's going to go into effect, there are significant unintended consequences that was not thought out as much as it should have, that will significantly affect the cost structure of small businesses. and this is an example, where i think you've got to be very careful with this kind of transformation legislation that ultimately, perhaps, has a negative effect on the economy. >> and did you want to get to something you said was misleading? >> well, i think -- that's the starting wage that you're talking about, but most starbucks people are highly tenured and are tipped throughout the day. so it's not a real number. >> and before you go, you've got to give us some reaction to this comic book, basically, about your life. you're now a super hero, howard. >> you know, that's one of those things where i just woke up one day and i could not believe that someone would spend the time writing a comic book about me. there must be a lot more important things to do. >> howard, good to have you on the program. we appreciate your time tonight. >> thank
and i would say, in terms of the health care law, that's going to go into effect, there are significant unintended consequences that was not thought out as much as it should have, that will significantly affect the cost structure of small businesses. and this is an example, where i think you've got to be very careful with this kind of transformation legislation that ultimately, perhaps, has a negative effect on the economy. >> and did you want to get to something you said was misleading?...
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Mar 26, 2013
03/13
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, we were saying it's a deal, it gives us a template and we were following now some sort of rule of law. >> it was a very unimpressive performance by the european policymakers, but in the end, the parliament of cyprus saved them from a stupid solution. initially, they were going to default on their depositor insurance for regular people with under $100,000 euro. which would have been an incredible mistake. >> but is what they actually did -- >> and it's the sectors of parliament that protected the policymakeres from a very, very stupid plan. >> is it a plan or a template? >> the finance ministers are instructed, when they take their oath of office, that it is their job to lie when necessary. the problem is, the finance minister of netherlands broke that code and said the truth, which is we may be doing this in the future. but because the ecb has flooded the system with enough liquidity, we are much less vulnerable to contagion today than we were a year ago. i don't think this is going to set off a big contagion in europe, but it's still a pretty unimpressive performance by these europea
, we were saying it's a deal, it gives us a template and we were following now some sort of rule of law. >> it was a very unimpressive performance by the european policymakers, but in the end, the parliament of cyprus saved them from a stupid solution. initially, they were going to default on their depositor insurance for regular people with under $100,000 euro. which would have been an incredible mistake. >> but is what they actually did -- >> and it's the sectors of...
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Mar 25, 2013
03/13
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at legalzoom.com we put the law on your side. ♪ [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> julia, this sounds logical for him. why not? it's a key issue in the silicon value. >> he has a lot of money to spend and he wants to make a difference. what he really cares about is immigration reform. all of these are things designed to boost the internet sector. >> some of the reports i read suggest that there are other heavies like john door who may be contributing this as well. >> so far he has already come out on education, immigration and on science. >> and it's really smart. >> one of the reports had a long time gop guy getting involved. >> watch out for the google glasses. the legislator says it's like wearing a computer. it's dangerous and similar to texting and driving chblt. >> i haven't signed up. you remember that science project thing? get away from him to do this. you know, the geeks are very excited. i'm hesitant abou
at legalzoom.com we put the law on your side. ♪ [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> julia, this sounds logical for him. why not? it's a key issue in the silicon value. >> he has a lot of money to spend and he wants to make a difference. what he really cares about is immigration reform. all of these are things...
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Mar 26, 2013
03/13
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KPIX
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. >> law enforcement's worse nightmare is coming across these weapons. >> they collected 600 unwanted guns, including 17 assault weapons during a gun buy back program. >> you wonder where they have been lying around. probably not in gun safes. not with trigger locks on them. >> reporter: he says the county paid out $60,000 at the most recent event, between 1-$200. >> i talk to gun store owners who say it doesn't work. flat out. what do you think? >> i think that, first of all, i want to say i support, you know, the ordinary course of commerce, what owners are doing, we are not trying to compete with them. >> reporter: selling the guns back to a store would require a back ground check and a 10 day wait. >> reporter: he says he was so happy with the results he is going to suggest making plans for future gun buy backs. live in san jose, eric rasmussen, ktvu channel 2 news. >>> five people are planning to run for the board of supervisors seat left vacant. he pleaded guilty to misleading taxpayer money. she is one of the candidates. she was a member of the san jose city counsel. her politi
. >> law enforcement's worse nightmare is coming across these weapons. >> they collected 600 unwanted guns, including 17 assault weapons during a gun buy back program. >> you wonder where they have been lying around. probably not in gun safes. not with trigger locks on them. >> reporter: he says the county paid out $60,000 at the most recent event, between 1-$200. >> i talk to gun store owners who say it doesn't work. flat out. what do you think? >> i think...
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Mar 25, 2013
03/13
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FBC
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eye 69
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there are competitors, but how do you look at the affordable health care law now and do you look at that and say nothing like incentive to get people creating these kind of things and keeping of a cleaner hospital. >> that is the case. we see this as a great opportunity, because imagine having a drug that enables you to get out of the hospital faster and save on the hospitalization costs because when you look at the cost for treating resistant infections in hospital less than 10% of the cost is the drug cost, the remaining cost is the time and equipment and everything else that is needed for treating these patients, so getting them out of the hospital on a single tablet over a short course of therapy increases the compliance rate and lack of compliance is what leads to this growing problem of resistance. liz: up about 40% year-over-year. you have two other programs in the pipeline. i say you are a takeover target for the boys who want real intellectual stimulation from companies like yours that can help them come is that something you would look at where would you like to remain independ
there are competitors, but how do you look at the affordable health care law now and do you look at that and say nothing like incentive to get people creating these kind of things and keeping of a cleaner hospital. >> that is the case. we see this as a great opportunity, because imagine having a drug that enables you to get out of the hospital faster and save on the hospitalization costs because when you look at the cost for treating resistant infections in hospital less than 10% of the...
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Mar 26, 2013
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. > > there was a big change because of a 2009 law, and it affected everybody who really has a credit card, regarding fees, interest rates... but two of the things that it did, it really curbed marketing to kids - for example, credit card companies can no longer go to a campus and give out little gifts to try to entice students to sign up for credit cards -; also, credit card companies and universities have to disclose these agreements. so colleges have to say how much they are getting in fees from these credit card companies for the right to let them on the campus. so both of these things have kind of combined. > so that is the supply side. but also from the consumer side, young people aren't as apt to want a credit card, too, because, i guess, they have seen how you can so easily get burned. > > they have probably seen their parents get burned, and also the job market is still really dismal, so they are reluctant to put things on charge cards, where, in the past, with a better job market, they might have. > all right. fewer young people using credit cards. what is the economic or ma
. > > there was a big change because of a 2009 law, and it affected everybody who really has a credit card, regarding fees, interest rates... but two of the things that it did, it really curbed marketing to kids - for example, credit card companies can no longer go to a campus and give out little gifts to try to entice students to sign up for credit cards -; also, credit card companies and universities have to disclose these agreements. so colleges have to say how much they are getting in...
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Mar 26, 2013
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the only thing i learned in law school, melissa, is don't get into litigation or lawsuits. ultimately, this will be a coin toss. if you're asking me long-term trends on municipal bonds, i think people are going to be very happy in their positions. >> i raised a couple of 17-year-olds. not always fun. the most effective way to punish them are going to take away the car keys. how are nick d'alosio's parents going to punish him now that he can afford his own car? nick's no fool. melissa says he got most of the $30 million in cash. >> cash, wow. guy adami. >> hi there. >> you like yahoo. you liked yahoo. it was your top trade the other day. >> monster. a couple of things strike me interesting. a, one, yahoo is a monster. two, how can jane, who is 32, have raised 17-year-old boys? >> i was 15. >> i was wondering the same thing. >> sorry, jane. >> finally, steve wynn committed the biggest oopsy in art when he put his arm through a picasso he was selling to investor steven cohen. the painting sustained millions in damage, and the sale was off because what happened in vegas really
the only thing i learned in law school, melissa, is don't get into litigation or lawsuits. ultimately, this will be a coin toss. if you're asking me long-term trends on municipal bonds, i think people are going to be very happy in their positions. >> i raised a couple of 17-year-olds. not always fun. the most effective way to punish them are going to take away the car keys. how are nick d'alosio's parents going to punish him now that he can afford his own car? nick's no fool. melissa says...
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Mar 22, 2013
03/13
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and they will qualify for being exempt from the law. but because we've been lucky and we've grown our business to where we are, we now are at the point where we need to provide health insurance according to the obama's new law -- >> so you're being penalized for your success. obama care is penalizing you for your success both in terms of full time employees and in terms of hours worked. i don't understand that. you've grown. why don't they give you and incentive rather than a discouragement. >> exactly. as i said, you know, i do want my employees to have health insurance. and i tried to make that work in the past. but they did not want to participate one it at the time. and now as of january 1st they will have health insurance but the problem is that my business model and most of the business models in a lot of these low margin businesses are not designed to support that. so you have all these businesses and, you know, business from 50 employees down are exempt from the law. but there's a lot of small businesses from 50 employees up who
and they will qualify for being exempt from the law. but because we've been lucky and we've grown our business to where we are, we now are at the point where we need to provide health insurance according to the obama's new law -- >> so you're being penalized for your success. obama care is penalizing you for your success both in terms of full time employees and in terms of hours worked. i don't understand that. you've grown. why don't they give you and incentive rather than a...
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Mar 26, 2013
03/13
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laws, there's so much uncertainty. do you see that as an obstacle to investing in the industry? >> yeah, it's something everybody has to pay attention to. there's an absolute dichotomy between federal and state laws at this point. we see like days of prohibition where states develop their own rules and regulations like in colorado and washington with 62 and 502 # passed. these are the dominoes that tip over and the feds back off. they have a schedule 1 narcotic meaning zero medicinal value associated with it when the primary use of the states in colorado and california were, in fact, me diddal, pushing now into recreational use in the benefits associated with that. sandra: interesting take and play. thank you for joining us tonight. >> thanks, sandra, take care. sandra: nextn "money," president obama will slash his own economic goals this week, but it could be good news for recovery. details next. plus, states finally saved enough tax revenue for a rainy day. why are they preparing for a huge spending binge? how taxpay
laws, there's so much uncertainty. do you see that as an obstacle to investing in the industry? >> yeah, it's something everybody has to pay attention to. there's an absolute dichotomy between federal and state laws at this point. we see like days of prohibition where states develop their own rules and regulations like in colorado and washington with 62 and 502 # passed. these are the dominoes that tip over and the feds back off. they have a schedule 1 narcotic meaning zero medicinal...
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Mar 26, 2013
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the procedure of law. what was followed or screwed up. they messed up saying that she needed to go by giving her acquittal. didn't follow the rules. >> greg: if she gets arrested a few more times she could run for president of italy. >> kimberly: her boyfriend has to go back. >> greg: we are set with hot criminals. if she was ugly, we wouldn't care. we love the controls hot. what does it tell our hot children? it tells them perhaps they can commit more crimes because they are attractive. this is a message we're sending. you know who is happy about this? and want retrial? lifetime. they can make another movie about her. >> dana: this confirms your theory last week. remember the school that canceled the gifted and honors program. we're telling the children you can't achieve things on your own merit. it depends on your looks. go to a trial and be on lifetime tv. >> bob: eric and i are in favor of the young woman in florida who swore at the judge because we thought she looked good at a the jump suit. >> kimberly: that is horrible. all tatted
the procedure of law. what was followed or screwed up. they messed up saying that she needed to go by giving her acquittal. didn't follow the rules. >> greg: if she gets arrested a few more times she could run for president of italy. >> kimberly: her boyfriend has to go back. >> greg: we are set with hot criminals. if she was ugly, we wouldn't care. we love the controls hot. what does it tell our hot children? it tells them perhaps they can commit more crimes because they are...
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Mar 21, 2013
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. >> depends on state law. >> how about the states where you relle? did you release any recidivist drunk drivers? >> yes. >> how many? >> i don't have the exact number, but we have released many individuals who had dui offenses. >> repeat offender dui. >> repeat defender dui. >> and request reschedule to move moan around. the nation that you didn't want to rob peter to pay paul. you could have done that. you could have found $600 so they're not released. >> sean: amen. that's what we need, more people standing town the administration and holding them accountable for the dangerous, idiotic. asinine, dumb, and that's all the time we have, let not your heart be troubled. greta van susteren is standing by to go on the record. greta, take it away. >> greta: tonight, presidential priorities, basketball or budget? >> i bet you he spends more time filling out his march madness brackets than he does writing a budget. >> i think we can do better. >> and it'd be nice to see it on march the 4th only a month late. >> and this is a tough one. >> we're still waiting
. >> depends on state law. >> how about the states where you relle? did you release any recidivist drunk drivers? >> yes. >> how many? >> i don't have the exact number, but we have released many individuals who had dui offenses. >> repeat offender dui. >> repeat defender dui. >> and request reschedule to move moan around. the nation that you didn't want to rob peter to pay paul. you could have done that. you could have found $600 so they're not...
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Mar 18, 2013
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wealthy russians and ukrainians who deposited much 06 their wealth here in cypress because of lax banking laws and there's been widespread allegations that these russians and ukrainians have used these accounts to launder some of their money and that is exactly why germany wanted depositors to take losses in this bailout. >> thank you so much. we'll have plenty more as we continue to follow this story. let's get straight to mark oswald who joins us around the table. mark, from an investor point of view, because there are a lot of different angles to this, how do you expect markets to react? what do people make of this today? >> i thought the initial reaction was quite appropriate when we marked spain and italy down in bond terms and buyback two points or about 20 basis points on. but pretty much on the all, there were buyers in there, which surprises me. it suggests within the marketplace and we've seen it within the rally of the euro, there is a degree of complacency that cyprus isn't really that important. this is a very specific issue and it's not going to unpick what mr. draghi has achieve
wealthy russians and ukrainians who deposited much 06 their wealth here in cypress because of lax banking laws and there's been widespread allegations that these russians and ukrainians have used these accounts to launder some of their money and that is exactly why germany wanted depositors to take losses in this bailout. >> thank you so much. we'll have plenty more as we continue to follow this story. let's get straight to mark oswald who joins us around the table. mark, from an investor...
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Mar 18, 2013
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it actually questions an eu law. i was trying to focus on this. despite how they seem to go out of their way to keep the euro alive, slowly there are more and more decisions being made that are stopping cross border flows of capital and across the whole of the eurozone. this is not a good idea after all, in my opinion. >> how do you put the jeanie back in the bottle if you're the eu or the imf? just having done what's happened, having said it allowed, enough to shake people up, how quickly do we see the real ramifications? we're seeing a little bit in the markets today, but as we were discussing earlier, in this case, it's not clear that the run happens literally this morning, but if you're a business or an institutional investor over the next month or two, you might say to yourself, let's start re-evaluating what we're doing here. >> exactly. i have a small investment in a greek insurance business online. and they have a bit of that cash in a cypriot bank. a lot of legitimate business people will say will will it take that request again? people w
it actually questions an eu law. i was trying to focus on this. despite how they seem to go out of their way to keep the euro alive, slowly there are more and more decisions being made that are stopping cross border flows of capital and across the whole of the eurozone. this is not a good idea after all, in my opinion. >> how do you put the jeanie back in the bottle if you're the eu or the imf? just having done what's happened, having said it allowed, enough to shake people up, how...
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with the law. they also say it's designed to protect the electoral process for eligible citizens to what you're saying there. so the question i guess that's how there for the supreme court, does this represent a conflict? or does it, rather, show that it works in concert with current federal law, with current federal requirements? what's your thought about that? >> well, i think there's an inherent conflict. and the conflict is that the federal motor voter law does not require citizenship proof. there exists under federal statute already penalties for voter fraud. for voting when you're not eligible. and knowingly voting without being an eligible citizen to vote. those are in place as protections. this is not a widespread, huge problem. and like i said, the precedent being set here, especially when the court is on the verge of dealing with the voting rights act, the clearance under section 5 of which arizona is required to preclear any election changes, any boundary changes, because of the historic
with the law. they also say it's designed to protect the electoral process for eligible citizens to what you're saying there. so the question i guess that's how there for the supreme court, does this represent a conflict? or does it, rather, show that it works in concert with current federal law, with current federal requirements? what's your thought about that? >> well, i think there's an inherent conflict. and the conflict is that the federal motor voter law does not require citizenship...
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Mar 18, 2013
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it's breaking the law and crossing the rubicon of something never done before. how do we know depositors won't keep pulling their money out of the banks when they finally open? the ecb are forcing another country to give up their freedom. to give up any chance of economic growth to get out of this mess. let's go to former treasury assistant secretary, department and chairman of the americas partner group. charles, thank you for helping us. i wish the circumstances were better. it sounds like confiscation to me. these are deposits that were insured, guaranteed, the government is going to take it. why would the imf and others suggest they do it? what's behind this? >> larry, i think what's behind this is a continued fixation, which you see coming out of the imf and out of brussels and berlin. about trying to realize sustainable levels of debt-to-gdp over a period of time. i appreciate the need to try to get debt on a sustainable level, this is not the way to do it. this is, indeed, confiscation. i'm afraid they have crossed a line here they may regret. deposter in
it's breaking the law and crossing the rubicon of something never done before. how do we know depositors won't keep pulling their money out of the banks when they finally open? the ecb are forcing another country to give up their freedom. to give up any chance of economic growth to get out of this mess. let's go to former treasury assistant secretary, department and chairman of the americas partner group. charles, thank you for helping us. i wish the circumstances were better. it sounds like...
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Mar 22, 2013
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>> hey, there, me list sachlt just moments ago, the parliament of cyprus passed a crucial law that will allow for the restructuring of the troubled banks in this country. this is a huge step, because it helps meet the demand of european partners who were waiting for this in order to lend the country 10 billion euros. additionally, important to know that deposit holders with accounts less than 100,000 euros will be fully protected but those above 100,000 will likely be at risk. they'll have to execute over the weekend to meet the deadline by monday, that has been set by the ecb to keep supplingly kwidty. melissa? back to you. >> michelle, thank you so much for that. mike, just quickly in terms of the market action on monday, do you think we're going to respond to this? >> probably see a mild bump to the upside, but really, the issue here is, are we going -- i just don't think it's that important thing. >> all right, our time has i'm melissa lee. "mad money starts right now." >>> i'm jim cramer and welcome to my world. you need to get in the game! he's nuts! they're nuts! they know nothin
>> hey, there, me list sachlt just moments ago, the parliament of cyprus passed a crucial law that will allow for the restructuring of the troubled banks in this country. this is a huge step, because it helps meet the demand of european partners who were waiting for this in order to lend the country 10 billion euros. additionally, important to know that deposit holders with accounts less than 100,000 euros will be fully protected but those above 100,000 will likely be at risk. they'll...
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Mar 21, 2013
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and worse, what in the world is his mother-in-law going to think? you'll hear from governor christie straight ahead. erfore a new ride comes along and changes everythi. the powerful gs. get great values on your favorite lexus models during the mmand performance sales event. this is the pursuit of perfection. licking the cream off these oreo cookies. that's stupid. you're wasting the best part. shuh, says the man without a helicopter. wait, don't go! [ male announcer ] choose your side at oreo.com. as your life changes, fidelity is ther for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. today is gonna be an important day for us. you ready? her's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attentio
and worse, what in the world is his mother-in-law going to think? you'll hear from governor christie straight ahead. erfore a new ride comes along and changes everythi. the powerful gs. get great values on your favorite lexus models during the mmand performance sales event. this is the pursuit of perfection. licking the cream off these oreo cookies. that's stupid. you're wasting the best part. shuh, says the man without a helicopter. wait, don't go! [ male announcer ] choose your side at...
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Mar 21, 2013
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she's saying that the president signed into law a piece of legislation that will kill children? >> that is what she said. >> you're missing the ice flow provision. >> the bottom line is she's a joke. i don't think very many people -- >> she's a member of the house, joy. and she was reelected. >> and part of the tea party caucus. >> it says a lot about people who vote for folks like this. you have a lot of clowns, a lot of extremists, people who can't be taken seriously, increasingly including paul ryan and his crazy budgets, but you have a part of the republican party who wants to be a serious player in the national politics. they're going to have to find someone, not a michelle bulk manner, not sarah palin. they need to find someone intelligent who can articulate positions in a way that don't sound crazy, that don't accuse the president of murder or call him a terrorist. we're not sure who can do it. they've got to find someone and they've got to do it soon. >> the impossible job. david corn and joy reed, thank you both. >>> coming up, the president takes his message to a group
she's saying that the president signed into law a piece of legislation that will kill children? >> that is what she said. >> you're missing the ice flow provision. >> the bottom line is she's a joke. i don't think very many people -- >> she's a member of the house, joy. and she was reelected. >> and part of the tea party caucus. >> it says a lot about people who vote for folks like this. you have a lot of clowns, a lot of extremists, people who can't be taken...
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Mar 20, 2013
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john boehner said, it's the law of the land. he walked that back afterwards, but that is what he is thinking. this is a fight that will take place in policy documents and political documents like ryan budget but when it comes to funding -- voting on bills that will become law, obamacare -- >> this continuing resolution does not have funding for bom a bomb -- for obamacare. >> it won't. >> they will find a deal to fund it through other monies, they will not crimp it, obama will not sign thinking that will slow it down. >> we will track it, i have to jump, this is a big fed day, stocks generally liked what they heard from ben bernanke, i wonder if he was signaling a little let easy money, that is my take next up on kudlow. there's this island -- and it's got super-cute kangaroos. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a natur
john boehner said, it's the law of the land. he walked that back afterwards, but that is what he is thinking. this is a fight that will take place in policy documents and political documents like ryan budget but when it comes to funding -- voting on bills that will become law, obamacare -- >> this continuing resolution does not have funding for bom a bomb -- for obamacare. >> it won't. >> they will find a deal to fund it through other monies, they will not crimp it, obama will...
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Mar 26, 2013
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the jim crow laws in the 1950s and '60s. it has gone step by step to change the consciousness of america. and president obama has not necessarily been a leader on this issue. but he is cresting the wave of public opinion and at a couple of key moments, he's shown real leadership as in the second inaugural. >> you and i both know there were people who would noted if joe biden had not made his comments on "meet the press" that sunday morning, that the president would not have stepped out in support of same-sex marriage. at the time that he did, he has not been a leader there. at the en, when history looks back, it will be joe biden that was the wind beneath his wings, if i can quota song? >> well, joe biden has earned himself a star in history with that moment. it will be an important part of his legacy. but barack obama was close on his heels. and after all, it is the president, not the vice president that history pays most attention to. and i think in the last year, president obama has been quite brave on this issue and you
the jim crow laws in the 1950s and '60s. it has gone step by step to change the consciousness of america. and president obama has not necessarily been a leader on this issue. but he is cresting the wave of public opinion and at a couple of key moments, he's shown real leadership as in the second inaugural. >> you and i both know there were people who would noted if joe biden had not made his comments on "meet the press" that sunday morning, that the president would not have...
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ave a local what's not enough wealth is a law in the local needs you want to community l.n.g. most will be. done for the wrap up artist i was fired almost fights. fights. fights are right. when their own country can't offer them a living even loving mothers sometimes have to leave their children behind. i don't like to work just a bit longer. is the dream of millions of migrants the children might choose their own motherland. the room. i want my children to win over moscow. russia has become this stepmother land. migrants working hard to find a way home. choose your language clearly we can with knowing if they feel some. of the views of the consensus get to. choose the opinions that invigorating to. choose the stories that impact your life choose the access to your office. welcome back to the kaiser report imax kaiser john manager reggie middleton a boom bust blog dot com welcome back to the kaiser report thank you could write rigi let's talk about cyprus having crossed the rubicon. the mere thought of confiscating what is. put in the bank is basically. revealing to everybody
ave a local what's not enough wealth is a law in the local needs you want to community l.n.g. most will be. done for the wrap up artist i was fired almost fights. fights. fights are right. when their own country can't offer them a living even loving mothers sometimes have to leave their children behind. i don't like to work just a bit longer. is the dream of millions of migrants the children might choose their own motherland. the room. i want my children to win over moscow. russia has become...
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Mar 19, 2013
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and his new book, "law and disorder." i see what you did there is on shelves now. now that you're retired and unshackled, tell us about some of the more notorious cases that you've worked. >> well, i work cases that receive national publicity and some of the most interesting cases that never received the national publicity. the cases like from david burk wits to the ted bundy, john gacy, to a case in anchorage, alaska, to a plan hunted women down like wild animal. i was over in england on the ripper case. i was in california on the trail side killing case. the unibomber. pretty much a who's who in the types of cases that i work. >> john, i'm kind of curious. not sure exactly how to phrase this. the term would be like a successful serial killer. but somebody who actually gets away with it for a long time. somebody like that have to be of high intelligence to be able to pull it off? >> not really. because sometimes with a high intelligence, they think they're much smarter than law enforcement. i interviewed the btk strangler, bind, torture, kill, a couple years ago.
and his new book, "law and disorder." i see what you did there is on shelves now. now that you're retired and unshackled, tell us about some of the more notorious cases that you've worked. >> well, i work cases that receive national publicity and some of the most interesting cases that never received the national publicity. the cases like from david burk wits to the ted bundy, john gacy, to a case in anchorage, alaska, to a plan hunted women down like wild animal. i was over in...
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Mar 26, 2013
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this case and many businesses are providing benefits from gay couples and we've gotten ahead of the law and the culture. why the disconnect? >> well, business executives worked on a different metric than politician-seeking votes. business executives have approached it as a bottom line issue, if you look at these compiled by the human rights campaign and we have 99% of businesses that have anti-discrimination policies on sexual orientation upon. 75% say they provide domestic partner benefits to same-sex couples and you also got 13 out of the 20 biggest companies on the fortune 500 list that got a perfect score on those sorts of issues. so the business community is the head. the politicians are catching up and we'll see what the supreme court justices decide a couple of months. john harwood, thank you very much. john harwood report sgloog coming up on the, dell and break berry, two iconic american brands at a crossroads. we'll see what happens when technology kings get beaten at their own game. here's how international markets closed out the day. >>> apple shares in a serious swoon since
this case and many businesses are providing benefits from gay couples and we've gotten ahead of the law and the culture. why the disconnect? >> well, business executives worked on a different metric than politician-seeking votes. business executives have approached it as a bottom line issue, if you look at these compiled by the human rights campaign and we have 99% of businesses that have anti-discrimination policies on sexual orientation upon. 75% say they provide domestic partner...
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Mar 19, 2013
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>> there's an interesting parallel that we see going on between what happened in the sarbanes-oxley law. when it was passed, we saw a lot of merger and acquisition activity that took place. a lot of companies basically copitch lating because they couldn't cover the cost. we've got two major pieces of legislation that are taking place right now in the dodd/frank bill, in the financial sector, and in obama care, and in the health care sector. i think you're going to see some of the same things happening. you're going to see a lot of merger and acquisition activity. i like manhattan partners here. >> who gets hardest hit, as a result of obama care and dodd/frank? where are the areas of this market that you want to avoid, given this higher regulatory environment? >> when you see the passage of the sarbanes, you saw a lot of the smaller companies. they merged the together because they needed to get the economies of scale to cover the cost of all that regulation. i think you're going to see some of the same things happening -- >> smaller and mid-cap -- >> exactly. >> rick santelli, we did not
>> there's an interesting parallel that we see going on between what happened in the sarbanes-oxley law. when it was passed, we saw a lot of merger and acquisition activity that took place. a lot of companies basically copitch lating because they couldn't cover the cost. we've got two major pieces of legislation that are taking place right now in the dodd/frank bill, in the financial sector, and in obama care, and in the health care sector. i think you're going to see some of the same...
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morgan or jamie diamond completely in an illegal fashion that they broke the law they want to head of their customers and they socially stole a billion dollars so that was really the warning shot wasn't that the game that the rules have changed that no deposit a safe anymore. i know the rules have changed you know the rules have been revealed you know they're probably always have been the same what is interesting is the fact that the banking system in the e.u. in the e.u. area is so for. to begin with and anybody who came up with this idea obviously doesn't understand bank finance you know the most ubiquitous the most important and the most fleeting of all banking finance sources is the deposit because they can withdraw their money at the instance the oldest or the should be able to and that is the money that is the most feeding and at the same time so if you're going to step in the. holders over you know the deposit over this but the deposit holders the thought of this to be less powerful and that's been the story since two thousand and seven two thousand and eight when this global f
morgan or jamie diamond completely in an illegal fashion that they broke the law they want to head of their customers and they socially stole a billion dollars so that was really the warning shot wasn't that the game that the rules have changed that no deposit a safe anymore. i know the rules have changed you know the rules have been revealed you know they're probably always have been the same what is interesting is the fact that the banking system in the e.u. in the e.u. area is so for. to...
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Mar 18, 2013
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what we have in cyprus right now is the rule of law being brought into question. can rules about depository insurance change over the course of a weekend? i think the size of cyprus right now, what it represents directly is not a threat. we're assessing. but if this is contained in some broader bailout oriented scheme, i think it could be something weathered by the markets. that said, the rule of law being brought into question is not a good thing. >> steve sacks, are you seeing a reaction in some of the european etfs out there? or are you seeing the same kind of money mentality going into exchange traded funds? what are you seeing out there? >> maria, it's really the same reaction we're seeing in broader equities today. you know, basically an overreaction. you know, we saw higher volumes in volatility spike on the open this morning with that gap lower. we've seen volumes in money flows just sort of steady out throughout the course of the day. obviously a lot of talk this morning on wall street about, you know, what happened over the weekend, you know, with cyprus
what we have in cyprus right now is the rule of law being brought into question. can rules about depository insurance change over the course of a weekend? i think the size of cyprus right now, what it represents directly is not a threat. we're assessing. but if this is contained in some broader bailout oriented scheme, i think it could be something weathered by the markets. that said, the rule of law being brought into question is not a good thing. >> steve sacks, are you seeing a...
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Mar 25, 2013
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if you have a bankruptcy in the united states or britain, there's due process of law. you go to the bankruptcy court. the bankruptcy court decides who gets what assets. here we have the government in berlin and brussels mandating that another country that bank tkbgts these. this is very first from a normal when you see how much money is in bank and make your own decisions. >> it's not going to be 5.8. it will be a normalization of laiki bank and the bank of cyprus. if you have watched the press conference at 2:00 in the morning, whenever it was in cypress they are not going to seize the assets. >> you will get shares of the new company. >> there was at of push back from the corn banks. i know swerer land and other countries have a huge cry. but there there's no due process that take place. it is pwhapb dated by the government. you have some money. they're going to take it. >> mark, are we going to see a flight from other banks in other countries? we talked about this a little earlier? are people going to say every deposit i have that's over that insured mark i have to
if you have a bankruptcy in the united states or britain, there's due process of law. you go to the bankruptcy court. the bankruptcy court decides who gets what assets. here we have the government in berlin and brussels mandating that another country that bank tkbgts these. this is very first from a normal when you see how much money is in bank and make your own decisions. >> it's not going to be 5.8. it will be a normalization of laiki bank and the bank of cyprus. if you have watched the...